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Vancouver-based Ceylon Graphite granted industrial mining licence for M1 mining project in Sri Lanka

Green Car Congress

The Licence grants exclusive rights to mine graphite from within the M1 mining area. With the M1 permit in hand, the company expects to be hoisting graphite after the shaft has been deepened by twenty feet and crosscut to a parallel vein system. Vancouver-based Ceylon Graphite Corp. —Don Baxter, President, and CEO.

Sri Lanka 417
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Failure to equalise VAT on public charging a missed opportunity

My Energi

Citing concerns surrounding ‘additional pressure on public finances’ and ‘limitations surrounding legal and fiscal considerations’, ministers also rejected calls to reinstate EV purchase grants – a scheme that proved vital in supporting the growth of the electric car market before its closure in June 2022.

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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Earlier post.).

Financing 225
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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6% per year over a 10-year period. Rebate program. Debt reduction.

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Velocys establishes strategic alliance with TRI for gasification systems for BTL plants

Green Car Congress

TRI will support Velocys and its partners to further optimise overall plant cost and the financing of BTL plants through, for example, accessing governmental loan guarantee processes and securing independent engineering reviews. The company expects the terms of the MoU to be reflected in legally-binding documentation within the coming months.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.

Grant 150
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UK unveils new plan to cut NO2; sale of new conventional gasoline and diesel cars to end by 2040; focus on local action

Green Car Congress

Despite this, an analysis of more than 1,800 major roads show that a small number of these—81 or 4%—are due to breach legal pollution limits for NO 2 , with 33 of these outside of London. The UK assesses air quality, as well as legal compliance with these obligations, via a combination of monitoring data and modeling.

Gasoline 150